| Latest Forum Topics / Midsouth |
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CIMB ups target to $1.02
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Nokita
Senior |
17-Apr-2008 13:41
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The Board of Directors of the Company wishes to announce that it has been notified by Gao Yanjun, Gao Yanhua, Gao Yanguo and CMIA Capital Partners holding in aggregate approximately 74% of the issued shares of the Company (" Controlling Shareholders") that they are currently conducting a strategic review of their interest in the Company, with the objective of enhancing and maximising the value of the Company and its subsidiaries as a whole, including the possibility of a voluntary delisting of the Company from the Singapore Exchange Securities Trading Limited ("SGX-ST").The Controlling Shareholders have emphasized in their notification to the Company that their strategic review may not result in any specific transaction or proposal. Shareholders are accordingly advised to exercise caution when dealing in the shares of the Company and to refrain from taking any action in respect of their shares in the Company which may be prejudicial to their interests. If and when the Company receives further information in relation to the foregoing, the Company will make an appropriate announcement at the relevant time. BY ORDER OF THE BOARD Lim Heng Chong, Benny Company Secretary
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focusy
Senior |
25-Mar-2008 15:31
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Up by another 5.5 cents today! | ||||||||||||||||||||
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focusy
Senior |
24-Mar-2008 14:20
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MidSouth is up strongly (+7 cts) today. I think there's strong underlying intererst. According to an article at http://www.nextinsight.com.sg/content/view/267/60/ a non-exec director's fund has been buying.
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maxliukt
Member |
01-Apr-2007 15:09
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What?s on the tableMidsouth Holdings (S$0.70) - Growth at reasonable price Midsouth is attractively valued at 5.0x CY08 P/E (net cash) against a prospective FY06-09 EPS CAGR of 22%. Vehicle parts sales are expected to be the key growth driver on the back of a favourable outlook for truck sales in the PRC and market-share gains by its largest customer. Midsouth is currently in discussions with leading global truck companies such as Iveco for the export of vehicle parts. Our FY07-08 earnings estimates have been raised by 7-17% with reduced tax rate assumptions. Maintain Outperform with a higher target price of S$1.02 (S$0.72 previously) as we roll forward our unchanged 8.5x P/E to CY08 earnings |
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